Passive Income for May 2018

ID-100438362-300x300 Passive Income for May 2018Once a month I like to talk about my total passive income for the month. I do this to track how much is coming in. Once I get over $2,000 a month in passive income, I will be in a great place. $2,000 a month is my crossover point. At that point, that money will be enough to cover all my expenses.

Here we have my passive income for the month of May.

The best way I keep track of my dividends is by using Personal Capital. I highly recommended for you to sign up and start using their service. It is completely free and extremely helpful.

 

 

Taxable Account: $392.26

Retirement Account: $94.78

Rental: $700

Cryptocoin Mining: $49.29

Total: $1,236.33

I updated my Passive Income page for the month.

Passive Income Report

I just got back from my two weeks vacation which I will be talking about in a series of posts coming soon. Guess what!?!? I made $1,236.33 of extra income for doing nothing while I was out on vacation. Isn’t that amazing?!?!

You may have noticed a new item I listed above. That’s right. I am now doing crypto coin mining. I will write a detailed post about this coming up soon. But you can see that I made $49.29 from mining. That’s almost $50 for doing absolutely nothing. June looks like I will be making even more!!

So stay tuned and watch for the post about my crypto coin mining. Make sure to keep in touch with me on Facebook and Twitter.

My taxable account did amazing this month. For the month of May, it grew a whopping 108.45% compared to last year this month. I am very happy about that.

At this rate, it looks like I will be reaching my forward dividend goal of $6000 much sooner then I thought.

Rental income continues to be solid here, so nothing exciting to report. Just how I like it.

Overall, I am very happy with the results for the month of May. I am super excited about the new source of passive income that I am generating.

Make sure to keep a lookout for my crypto coin mining post in details.

Thanks for reading, and don’t forget to follow me for great investment ideas.

 

Image by Sira Anamwong at FreeDigitalPhotos.net

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Comments

    • Hi Coco, I too was far behind, but just stick with it and you will get there. I started with $0 of passive income. Now I am excited to post each months report. I will have that crypto mining post soon. 🙂 Thanks for reading and commenting.

  1. Congratulations Felix. You are doing well, and inspiring and teaching others to do the same. Very empowering. Looking forward to hearing about your trip and crypto mining,

    Question: if you had $1000 to add to your portfolio, what would be your top three stock picks?

    Thank you!

    • Hi Andrew! Thank you for that kind words. Stay tuned for those post. They will come out soon.

      My top three stocks right now are KMB, MO, OMI. There is a lot right now that are undervalued, but those are my pick for now.

      Thanks for stopping by Andrew!

    • Hey Lanny. That’s a great question. I consider this net income because I’m renting a room. All my expenses would be the same with it rented or not.

      Thank for stopping by!

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